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South America TPI Expected To Climb 22% in 2024
Download PDFSt. Paul, Minnesota, USA— The Power Systems Research Truck Production Index (PSR-TPI) increased from 107 to 116, or 8.4% for the 12 months ended Dec. 31, 2023. For the fourth quarter of 2023, ending Dec. 31, 2023, the index increased from 112 to 116, or 3.6%, compared to Q3 2023.
South America. Medium and heavy commercial vehicle production is expected to increase by 22.1% this year after a significant decline in 2023 primarily driven by a weaker economy and the implementation of the Proconve 8 emission regulations in Brazil last year.
The PSR-TPI is a quarterly truck production report that measures global truck production in six regions: North America, China, Europe, South America, Japan & Korea and Emerging Markets.
This data comes from OE Link™, the proprietary database maintained by Power Systems Research.
The next update of the Power Systems Research TPI will be in April 2024 and will reflect changes in the TPI during Q1 2024. PSR
Jim Downey is vice president – global data products at Power Systems Research and Chris Fisher is the senior commercial vehicle analyst at Power Systems Research
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PowerTALK™, January 2024
Download PDFBYD, the Chinese auto manufacturer, is making expansion moves in Brazil, Deutz plans to sell electric marine motor manufacturer Torqeedo to Yamaha and GM and Komatsu are developing hydrogen fuel cells for mining trucks. Read these articles and more in the January issue of PowerTALK News.
IN THIS ISSUE
ALTERNATIVE POWER REPORT
- GM, Komatsu Plan Hydrogen Fuel Cells for EV Mining Truc
- · Drivers of Heavy, Dirty Cars Pay Stiff Penalty Tax in Franc
- · Survey: EV Range Anxiety Slips in Importance
- · Cathode Material for Cheaper, More Sustainable EVs Developed
NORTH AMERICA: Consumers, Professionals Boost Lawn & Garden Spending
EUROPE:- · Electric Hydro Foiling Popular in Maritime Industry
- · Deutz AG To Sell Torqeedo Shares To Yamaha
DATAPOINT: NA Dumpers/Tenders
BRAZIL/SOUTH AMERICA:- · BYD Seeks To Acquire Lithium Mining Operation in Brazil
- · BYD Plans Supply Chain Verticalization in Brazil
JAPAN: 2023 Domestic MC Shipments Increase 4%
SOUTH KOREA: Hyundai Motor Sells Chongqing Plant in China
THAILAND: Lithium Deposit World’s Third Largest
CHINA: Recharging Slows Penetration of New Energy HD Trucks
INDIA: Ford’s Potential Return to India -
GM, Komatsu Plan Hydrogen Fuel Cells for EV Mining Truck
ALTERNATIVE POWER REPORT
Guy Youngs General Motors and mining and construction equipment giant Komatsu plan to jointly design and validate the hydrogen fuel cell technology for the 930E electric drive mining truck. GM has been conducting hydrogen fuel cell research and product development for more than 50 years and has developed platforms for both lithium-ion batteries and hydrogen fuel cells.
Mining trucks typically operate at a single mine throughout their life, a situation that simplifies the challenge of rolling out hydrogen refueling stations. GM and Komatsu plan to test the prototype HYDROTEC-powered mining vehicle in the mid-2020s at Komatsu’s Arizona Proving Grounds research and development facility. The prototype mining truck will be powered by more than 2 megawatts of HYDROTEC power cubes.
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Consumers, Professionals Boost Lawn & Garden Spending
NORTH AMERICA REPORT
Michael Aistrup Lawn and garden equipment manufacturers make powered lawn and garden equipment, primarily for household and business maintenance of lawns and gardens. Equipment manufactured by this industry includes lawn tractors, riding and standing mowers, hedge trimmers, leaf blowers, woodchippers and other machinery for maintaining lawns and gardens.
Industry Trends. Increased per household spending on lawn care and gardening services by the American family, younger individuals purchasing residential property, easing of COVID-19 restrictions and other factors like lawns adding to the aesthetic appeal of the residential property, is anticipated to bolster the DIY and commercial lawn care market.
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Electric Hydro Foiling Popular in Maritime Industry
EUROPE REPORT
Natasa Mulahalilovic The electric hydro foiling propulsion system is a fast-growing technology taking an important place in the future of the maritime industry. The revolutionary concept provides cost-effectiveness, zero-emissions, zero-noise and excellent performance values (very fast) in different types of boats for pleasure and commercial use.
Tne technology is innovative and is, for most vessels, based on a specific aerodynamic design of a boat, retractable foils, electric motors, and batteries. Hydro foiling and electric systems work together to cut through waves causing less drag and resulting in higher speed.
The use of energy is much less than for any other vessel with a traditional propulsion system. E-foiling boats give an impression of flying over water silently with no CO2 emission or any other air or water pollution. The experience is comfortable, safe, clean and speedy.
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BYD Seeks To Acquire Lithium Mining Operation
BRAZIL/SOUTH AMERICA REPORT
Fabio Ferraresi BYD is negotiating to acquire Sigma Lithium, the largest lithium mining entity in Brazil, according to the Financial Times. The potential agreement could be valued at US$ 5 billion (R$ 14.3 billion). Sigma Lithium operates a lithium mining facility in the Jequitinhonha Valley in the state of Minas Gerais. The strategic intent behind this acquisition by the Chinese manufacturer is to secure a stable supply of raw materials essential for the production…
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